T-Mobile and Sprint officially end merger talks

After months of on-again-off-again discussions about merging, T-Mobile and Sprint have officially called it quits. The companies jointly announced today that they have ended negotiations after they were “unable to find mutually agreeable terms.”

In its announcement, Sprint’s President and CEO Marcelo Claure says that while they recognized the potential value in merging, “we have agreed that it is best to move forward on our own.” T-Mobile’s President and CEO John Legere outlined that any merger would have to bring in long-term value to his shareholders.

The companies have let open the possibility of other mergers, however: Claure noted that he believes that “significant opportunities exist to establish strong partnerships across multiple industries.” Earlier this summer, The Wall Street Journalreported that Sprint proposed a merger with Charter.